February 12, 2018, 3:40 PM

Top News

A behind-the-scenes look at two tumultuous years at Facebook as it battled with fake news, its impact on the election, global affairs, and users' minds  —  ONE DAY IN late February of 2016, Mark Zuckerberg sent a memo to all of Facebook's employees to address some troubling behavior in the ranks.
Mark Gurman / Bloomberg:
Sources: Apple is changing its iOS development strategy, moving away from an annual schedule crammed with major features and prioritizing reliability  —  The company is shaking up its development program to focus more on key features and push back others to the following year.
Sources: Android P to have deeper Google Assistant integration, better battery life, support for iPhone X-like notches, multiple screens, and foldable displays  —  Search giant tries again to win over valuable iPhone users  —  Android P to integrate more tightly with Google's Assistant
Matt Day / The Seattle Times:
Source: in a rare cutback, Amazon is laying off several hundred corporate employees in Seattle and hundreds elsewhere across its global operations  —  Amazon is cutting several hundred jobs in Seattle, and hundreds elsewhere, a rare layoff that appears to fall predominantly on its established consumer retail business.
Steven Musil / CNET:
SEC filing: Apple, LG, Valve invest in $10M secondary share offering by eMagin, a NY-based manufacturer of OLED microdisplays, which can be used in VR headsets  —  A small company that makes OLED microdisplays is getting some attention from tech giants with big plans for virtual and augmented reality.
Aaron Tilley / The Information:
Source: Amazon is designing its own AI chip for use in Echo and other Alexa-powered devices, following its 2015 acquisition of chip maker Annapurna Labs  — is developing a chip designed for artificial intelligence to work on the Echo and other hardware powered by Amazon's Alexa virtual assistant …
Taylor Lorenz / The Daily Beast:
585K+ people sign petition on calling for Snapchat redesign to be reverted, as celebs such as Chrissy Teigen, Kylie Jenner, MKBHD express disapproval  —  Last week Snapchat rolled out its biggest redesign since the app launched in 2011.  —  The company split the app into two sections …
Alex Heath / Cheddar:
Source: Snap's VP of Sales Jeff Lucas has left the company after joining less than two years ago  —  Jeff Lucas, Snap Inc.'s VP of Sales, has left the company, Cheddar has learned.  —  His departure comes after working for less than two years at Snap, which he joined after serving as ad sales chief at Viacom.
More: Adweek and Seeking AlphaTweets: @petersonteeThanks:@jonsteinberg
Kurt Wagner / Recode:
eMarketer says Facebook lost ~2.8M US users under 25 in 2017, predicts it will lose ~2.1M in 2018; Instagram's US users will grow 13%, Snapchat's by 9% in 2018  —  That's according to research firm eMarketer.  —  Facebook is losing young users even quicker than expected, according to new estimates by eMarketer.
Fitz Tepper / TechCrunch:
Instagram tests a feature showing users who has taken screenshots of their stories  —  Instagram is testing a feature that will show users when someone else takes a screenshot of their story.  Users included in the test are getting a warning that the next time they take a screenshot …
Ingrid Lunden / TechCrunch:
YapStone has raised $71M in Series C financing, aiming for $100M+, to take on PayPal, Stripe, and more in marketplace payments  —  While a part of the fintech world remains abuzz with crypo-talk, a startup that's built a business around the more traditional world of payments has raised …
More: PR Newswire and PE Hub BlogTweets: @ingridlunden
Sarah Perez / TechCrunch:
Facebook is promoting its user data tracking Onavo VPN, which it acquired in 2013, under a “Protect” tab within its main mobile app on iOS  —  Onavo Protect, the VPN client from the data-security app maker acquired by Facebook back in 2013, has now popped up in the Facebook app itself …
Charlie Warzel / BuzzFeed:
Technologist who predicted “fake news”, Aviv Ovadya, and other experts warn new AI-powered tools to manipulate perception could erode people's trust in reality  —  In mid-2016, Aviv Ovadya realized there was something fundamentally wrong with the internet — so wrong that he abandoned his work and sounded an alarm.

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